China Africa Share Discussion Threads

[idontpost] 28/9/2012 10:28

Watch this video from 21 minutes. It's the CEO from CAF and it provides all the information you need:

[ryan83] 27/9/2012 22:36

Cf12, you looking for the next WAFM :-)

[christianf12] 27/9/2012 20:36

Great info thanks and Yep, soon the Market will twig on, I hope I have bought all my shares by then as we will be paying 100p+ IMO

Cash is £2.8m

Cap £4.8m : )

[idontpost] 27/9/2012 19:52

Take a look at the CAF presentation from last year



on slide 19 you will see a presentation summary and here are the points made

- CAR is strategically important to both of its shareholders, ECE
and Weatherly
- Berg Aukas is a strong project and a good foundation.....but
only the beginning
- It is anticipated that CAR will consolidate other assets
belonging to the two main shareholders and will be the vehicle
to achieve ECE's stated objectives of becoming a global
resource company

------------------

So its clear that as Berg Aukas is put on a firm footing, then other assets will be added into the mix.

ECE is a substantial organisation anyway, but the statement that CAF is its chosen vehicle to achieve their objectives of becoming a global resource company is strong stuff. I would remind all that the market capitalisation is currently around £4.8mill, with £2mill plus in cash.

This has enormous potential.

[idontpost] 27/9/2012 19:47

So we are due an update on the feasibility by year end and likely before then an update on the exploration work, drill data and news on the JORC resource calculations.

The market needs to move CAF share price higher to attract sells and keep liquidity going. I will be holding onto my stock tightly as I believe wholeheartedly that the shareprice will be significantly higher in due course on the basis of the progress at Berg Aukas alone.

Then there is something else that I also want to draw to your attention that has been missed by all

will just get the info now.

[idontpost] 27/9/2012 19:43

One thing that has been missed, and for those looking for drivers of the share price, alongside the feasibility study news there is also the exploration data due, which I think we can assume will be positive:

This from the results rns 29/8/12

Highlights in the half year were:
-- A diamond drilling campaign to verify the historical records and to establish a JORC compliant resource continued with over 5,090m drilled in 9 holes. Good mineralisation has been identified and assay test work is currently underway.

[christianf12] 27/9/2012 16:36

Even after today's rise, CAF is valued at less than £2m when you take the cash off the cap! Madness.

[christianf12] 27/9/2012 16:30

Any chance of some sellers so I don't end up paying 30p+ next week?

[idontpost] 27/9/2012 15:24

Well there's 2,000 gone through

[christianf12] 27/9/2012 15:10

I'll be getting more before close : )

[idontpost] 27/9/2012 15:08

What price have you got on them?

[christianf12] 27/9/2012 15:02

lol, my orders are in : )

Look at the mm's : )

[christianf12] 27/9/2012 14:31

15k max now at 21.7p

Upped my limit to 30p as think we may be there soon.

[christianf12] 27/9/2012 12:50

The feasibility study is due to be completed within 12 weeks : )

Imagine trying to buy this share when everyone else wants in?


From admission doc:


Initially, the objective of CAR will be to carry out a full feasibility study on the Berg Aukas Project, which is expected to commence shortly after Admission and to be completed by the end of 2012. The total cost of the feasibility study is expected to be US$3 million over the full period and will be managed by Weatherly pursuant to the terms of the Management Services Agreement.

[idontpost] 27/9/2012 12:07

Yes and the presentation recorded last year suggested 40p was considered to be ground floor entry level. They expected this would be a lot higher i would assume.

I think that price target is on the money.

[christianf12] 27/9/2012 11:59

40p list price, $600m + worth of resource, only 10% of the company's shares tradeable, ie: 2.3m shares, £1.5m cap when you take cash off, wealthy backers and news due......

When the herd catch on, this is going to at least 100p short term.

Keep adding.

[idontpost] 27/9/2012 11:26

Volume reasonable and caf now in market makers hands. Higher prices will squeeze out more sells helping them to cover their short position. But only they can decide if they want to play.

This is worth reviewing,



the image on the right is a mine design video (1 minute long). Berg aukas is looking like it has life as a mine and with $600mill resource in the ground before new exploration work, i see no reason why east china exploration would not fund the mine build, after all they own 65% of caf for a reason.

[christianf12] 27/9/2012 10:16

15k max at full ask, they are playing around with the share price now. Looks like they need a few sellers, I'll keep adding : )

[christianf12] 27/9/2012 09:13

idonpost, no will buy up 25p and leave it. Anyone in should set a sell limit so their shares cannot be loaned. Even set it for 250p.

[idontpost] 27/9/2012 09:12

In which case doesnt matter if you buy at 20p or 25p I suppose. Caf price should start to move on buys now. I have noticed that when available volume drops below 10k, the next buy seems to move it.

[christianf12] 27/9/2012 09:06

100p to start with right now.

5k max now.

[idontpost] 27/9/2012 08:46

Its just tight at the moment.